Semiconductor Exports Lift Korea’s March Current Account to Record $37.33 Billion Surplus

According to the Bank of Korea’s March balance of payments release, South Korea’s current account recorded a surplus of $37.33 billion. The increase was supported by stronger exports of semiconductors and other IT products. The surplus was the largest on record, and the current account remained in surplus for the 35th consecutive month. The data show that strength in key export items contributed to an improvement in the external balance. The announcement centers on March results and the impact of increased IT exports, including semiconductors. Source: mk.co.kr